PT-reUSD-10DEC2026 / USDT on Ethereum
A Morpho market on Ethereum where people borrow USDT against PT-reUSD-10DEC2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 5.58% a year and borrowers pay 7.16% right now.
Data from Morpho's API · updated
Borrow APY
7.16%
30-day average 8.50%
Supply APY
5.58%
30-day average 7.44%
Supplied
$7.33M
7.33M USDT
Borrowed
$5.75M
78.5% utilization
Available to borrow
$1.58M
free liquidity right now
Collateral posted
$6.82M
6.97M PT-reUSD-10DEC2026
PT-reUSD-10DEC2026 / USDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-reUSD-10DEC2026 / USDT interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 7.95% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much PT-reUSD-10DEC2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-reUSD-10DEC2026 price in USDT. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| PT-reUSD-10DEC2026 price in USDT | 0.979 USDT |
| Oracle | ChainlinkOracleV20x217d…51f0 |
| Price feeds | 0x77eE…5D89 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDTprice $0.9998 |
|---|---|
| Collateral | PT-reUSD-10DEC2026price $0.9786 |
| Borrowers | 49 |
| Created | June 15, 2026 |
| Market ID | 0x6acd1885…7914ca |
| Rate model | 0x870a…00BC |
| PT-reUSD-10DEC2026 token | 0xeCfa…3957 |
| USDT token | 0xdAC1…1ec7 |
Vaults lending here
$5.83M of the $7.33M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Smokehouse USDTlends directly | $4.41M |
| Wintermute USDT SelectV2lends directly | $1.14M |
| Flowdesk Confidential High Yield USDTV2lends directly | $288K |
Largest borrowers
49 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xdf81…2730 | $1.20M | 1.05 |
| 0xe293…6B1d | $1.12M | 1.05 |
| 0x6554…f438 | $645K | 1.03 |
| 0x093e…7200 | $394K | 1.05 |
| 0xC819…dBc7 | $306K | 1.05 |
| 0xb6e9…11cA | $294K | 1.04 |
| 0xFeff…16Fd | $221K | 1.06 |
| 0x9a39…1B14 | $192K | 1.10 |
| 0x03BA…5d98 | $192K | 1.05 |
| 0xC9FD…a5e0 | $181K | 1.33 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
| When | Debt repaid | Transaction |
|---|---|---|
| $107K106.94K USDT | 0xb375…cb83 | |
| $107K106.89K USDT | 0xafb5…5584 | |
| $11.9K11.94K USDT | 0x43cb…2e6f | |
| $11.9K11.94K USDT | 0x43cb…2e6f | |
| $48.9748.97 USDT | 0xf0ab…ac9a | |
| $48.9949.00 USDT | 0xd8bc…4803 | |
| $132K131.76K USDT | 0x2717…3894 | |
| $49.0349.04 USDT | 0x859a…f3c3 | |
| $401K401.53K USDT | 0xb939…319c | |
| $147147.37 USDT | 0xfacf…70fc |
About the PT-reUSD-10DEC2026 / USDT market
The PT-reUSD-10DEC2026 / USDT market on Ethereum was created on June 15, 2026. Anyone can lend USDT into it, and anyone holding PT-reUSD-10DEC2026 can borrow that USDT against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $7.33M is supplied and $5.75M borrowed, so 78.5% of the market is in use, backed by $6.82M of PT-reUSD-10DEC2026 from 49 borrowers. Borrowers pay 7.16% a year, 8.50% on average over the last 30 days. Lenders earn 5.58%.
3 listed vaults lend here, providing $5.83M of the supply; the largest are Smokehouse USDT, Wintermute USDT Select and Flowdesk Confidential High Yield USDT. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-reUSD-10DEC2026. If PT-reUSD-10DEC2026 fell 20% against USDT, about $6.40M of collateral would be at risk of liquidation.
PT-reUSD-10DEC2026 / USDT on Ethereum: quick answers
What is the USDT borrow rate against PT-reUSD-10DEC2026 on Morpho Ethereum?
In this market it is 7.16% a year right now, and it averaged 8.50% over the last 30 days. The rate is variable: it follows how much of the market's USDT is borrowed, rising quickly above 90%.
When is a PT-reUSD-10DEC2026 / USDT loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-reUSD-10DEC2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-reUSD-10DEC2026 fell to about 0.535 USDT.
How much USDT can be borrowed here right now?
$1.58M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-reUSD-10DEC2026 / USDT market?
Lenders earn 5.58% a year right now (7.44% averaged over 30 days). Most lend through vaults, such as Smokehouse USDT, Wintermute USDT Select and Flowdesk Confidential High Yield USDT, which spread deposits across several markets.
More ways to borrow against PT-reUSD-10DEC2026
Other loan assets with PT-reUSD-10DEC2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-reUSD-10DEC2026 / USDCEthereum · LLTV 91.5% | 6.24% | 7.55% |
